Half of the companies listed on the Ghana Stock Exchange (GSE) are not sharing information about their environmental and social impact, even though there is a strong push for businesses to be more open about this.

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This is according to a recent survey by audit firm, KPMG on sustainability reporting in Ghana titled "ESG Reporting in Ghana: Are Listed Companies Meeting Expectations?"The Ghana Stock Exchange (GSE) lists a variety of companies across several sectors which includes, Access Bank Ghana, AngloGold Ashanti, Ecobank Ghana, MTN Ghana, Guinness Ghana Breweries Republic Bank GhanaFan MilkUnilever GhanaSociete Generale GhanaGCB Bank among others.

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It revealed that among the companies reporting on environmental, social, and governance (ESG) matters, 52% share sustainability information. Most of these (75%) use reports from their parent companies, while only 25% create independent reports.Some industries, like beverages, telecom, and oil and gas, fully follow ESG requirements. However, mining and food production are lagging, with 67% and 33% failing to comply, respectively.

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The study also found that only 45% of companies involve their boards in sustainability issues, and less than half follow global standards like GRI or SASB.Around 45% of companies include goals to reduce carbon emissions in their reports, showing some attention to climate change. But only 39% view biodiversity loss as a threat to their business.

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To improve, the report suggests stricter rules, rewards for compliance, better training, focused efforts on important issues, stronger leadership, and engaging stakeholders.

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